According to preliminary data from ACT Research, North American Class 8 truck net orders reached 27,000 units in January, up 600 units from December and up 45% compared with January 2023. read more

FEB 5, 2024 - 6:35 am

Asset manager Aviation Capital Group delivered one new Airbus A321neo aircraft on long-term lease to Spirit Airlines. Powered by Pratt & Whitney GTF engines, this is the fourth of four aircraft delivering to the airline from Aviation Capital Group’s order book with Airbus. read more

FEB 5, 2024 - 6:33 am

DLL intends to appoint Lara Yocarini CEO and chair of the company’s executive board for a term of four years. Yocarini will succeed Carlo van Kemenade, who will join the managing board of Rabobank Group as director of retail in the Netherlands. read more

FEB 2, 2024 - 6:53 am

Key Equipment Finance promoted Krista Spada to director of transactions cycle management. Spada’s more than 30-year Key Equipment Finance tenure has spanned all aspects of client transaction cycles. Prior to her new role, she was a senior vice president of originations. read more

FEB 2, 2024 - 6:52 am

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to U.S. Bank. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% in 2023, while spending by shippers contracted 13.5%. read more

FEB 2, 2024 - 6:50 am

LEAF Commercial Capital hired Marcel Borg as director of syndications, according to a LinkedIn post from Borg. Borg was previously a vice president and national sales manager for Accord Financial. read more

FEB 2, 2024 - 6:48 am

Sandhills Global introduced its Currency financing solution to buyers and sellers using Sandhills marketplaces in Canada. Currency is the financial technology arm of Sandhills, offering secure solutions to facilitate financing for large expenditures. read more

FEB 2, 2024 - 6:47 am

Kroll Bond Rating Agency assigned preliminary ratings to six classes of notes issued by Post Road Equipment Finance 2024-1, LLC (PREF 2024-1), an equipment ABS transaction from Post Road Equipment Finance. read more

FEB 2, 2024 - 6:45 am

The board of trustees of the National Equipment Finance Association’s Chris Walker Education Fund extended the deadline to submit grant applications to Feb. 29. The fund, which is actively raising funds, will award a total of $30,000 grants by the end of March. read more

FEB 2, 2024 - 6:44 am

Machinery Finance Resources hired Tom Donnelly as territory manager for equipment finance, according to a LinkedIn post from Donnelly. Donnelly was previously a regional vice president at Huntington Asset Finance. read more

FEB 2, 2024 - 6:42 am

Monitor released additional details about Converge 2024, notably the launch of a new website dedicated solely to the two-day conference. Converge 2024 will take place in Philadelphia from May 15 – 16 at the Kimpton Hotel Monaco. read more

FEB 1, 2024 - 6:44 am

Amur Equipment Finance completed its 13th term securitization, issuing $406.3 million in notes secured by equipment loans and leases originated through its platform. More than 50 unique investors participated in this transaction, which was led by Bank of America, BMO and Truist and was nearly six times oversubscribed with more than $2.3 billion in total orders. read more

FEB 1, 2024 - 6:43 am

A commercial finance team led by partners Rick Boyd and Tyler Wolf joined law firm Barnes & Thornburg’s corporate department. The team also includes Doug Plante (of counsel), Greg Preston (associate) and Janelle Julyan (senior paralegal). read more

FEB 1, 2024 - 6:43 am

Vesper Energy closed $590 million in debt financing for its Hornet Solar project. The bank group for the financing includes MUFG Bank, Nord/LB and Santander Corporate & Investment Banking as coordinating lead arrangers.   read more

FEB 1, 2024 - 6:41 am

Small businesses and legal and compliance professionals are increasing their levels of readiness to comply with new U.S. beneficial ownership reporting requirements, according to the results of a new poll by Wolters Kluwer CT Corporation. read more

FEB 1, 2024 - 6:39 am